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Financial News: Hungary Trade Balance Swings To Surplus In November

Hungary Trade Balance Swings To Surplus In November

01/10/2022 - 05:43:00 (RTTNews)

(RTTNews) - Hungary's trade balance posted a surplus for the first time in five months in November, the Hungarian Central Statistical Office reported Monday.

The trade surplus totaled EUR 81 million in November versus a EUR 302 million deficit in October. However, the surplus was well below the EUR 607 million surplus registered in the same period last year.

On a yearly basis, exports increased 7.7 percent and imports advanced 14 percent in November.

Month-on-month, exports and imports were up 7.8 percent and 4 percent, respectively.

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